IFAwebnews » AIG

Judge favors AIG, approves $450M settlement for underreporting claim

Jaime L. Brockway — Wed, 21 Mar 2012 19:06:08 +0000

A federal judge in Illinois approved a $450 million settlement to resolve the under-reporting of American International Group’s (AIG) market share in the workers’ compensation market.

Judge favors AIG, approves $450M settlement for underreporting claim via IFAwebnews.

Fitch, Jones fault U.S. for MetLife’s failing of financial stress test

Bob Graham — Tue, 20 Mar 2012 12:23:48 +0000

MetLife, because of its ownership of MetLife Bank, an online retail unit, was forced to submit to the Federal Reserve's stress testing and failed, possibly because it was “unfairly penalized” by regulators.

Fitch, Jones fault U.S. for MetLife’s failing of financial stress test via IFAwebnews.

U.S. Treasury criticized for giving ‘stealth bailout’ to AIG

Jaime L. Brockway — Thu, 15 Mar 2012 11:57:58 +0000

A disbanded congressional committee said the federal government should end its “special tax deal” with American International Group (AIG) that has resulted in $17.7 billion in profits for the company since 2008.

U.S. Treasury criticized for giving ‘stealth bailout’ to AIG via IFAwebnews.

N.Y. insurer, N.J. processing agent probed over Calif. fire claims

Bob Graham — Wed, 07 Mar 2012 13:54:33 +0000

California insurance regulators initiated administrative action against New Hampshire Insurance Co. and its claims processing agent over their handling of claims after a 2008 fire in Sylmar, Calif.

N.Y. insurer, N.J. processing agent probed over Calif. fire claims via IFAwebnews.

U.S. says AIG, investors should bear losses from 2008 bailout

IFAwebnews Staff — Tue, 06 Mar 2012 13:08:43 +0000

The U.S. wants a federal court to rule that losses to American International Group and its shareholders as a result of the government's takeover of the company in 2008 should remain those of the company and its investors, not the public.

U.S. says AIG, investors should bear losses from 2008 bailout via IFAwebnews.

Colo. health plan owner admits defrauding, embezzling up to 250 clients

Bob Graham — Thu, 27 Oct 2011 15:46:31 +0000

The owner and operator of a Colorado health plan company pleaded guilty to several charges related to his defrauding and embezzling medical benefit clients of up to $7 million.

Colo. health plan owner admits defrauding, embezzling up to 250 clients via IFAwebnews.

AIG hopes Supreme Court ruling kills class-action filing

IFAwebnews Staff — Tue, 23 Aug 2011 11:49:37 +0000

American International Group joined a cadre of banks asking a federal court to block a proposed nationwide class-action suit against them over the global insurer’s near-collapse three years ago.

AIG hopes Supreme Court ruling kills class-action filing via IFAwebnews.

Court endorses AIG’s $450 million payment to end workers’ comp. suit

IFAwebnews Staff — Tue, 26 Jul 2011 10:26:13 +0000

A court in New York has given its preliminary approval to a settlement in a suit involving the alleged under-reporting of American International Group’s market share in the workers’ compensation market to trim its payments to state insurance pools.

Court endorses AIG’s $450 million payment to end workers’ comp. suit via IFAwebnews.

Bailed-out insurer seeks refuge through mortgage investment lawsuits

Jaime L. Brockway — Tue, 10 May 2011 12:56:23 +0000

American International Group (AIG), the global insurer that at one point was 92% owned by the U.S. government after a $182 billion bailout, is taking legal action concerning billions of dollars it allegedly lost due to mortgage-related fraud.

Bailed-out insurer seeks refuge through mortgage investment lawsuits via IFAwebnews.

Insurer to pay $760,000 for selling unauthorized health coverage

Jaime L. Brockway — Wed, 27 Apr 2011 17:48:09 +0000

A New York, N.Y.-based health insurance company must pay $760,000 in restitution for selling unauthorized health insurance in Massachusetts.

Insurer to pay $760,000 for selling unauthorized health coverage via IFAwebnews.